Oman: Silk Yarn Market 2023

Silk Yarn Market Size in Oman

The Omani silk yarn market shrank modestly to $X in 2022, approximately equating the previous year. Over the period under review, consumption, however, continues to indicate a abrupt descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Silk Yarn Production in Oman

In value terms, silk yarn production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Silk yarn production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Silk Yarn Exports

Exports from Oman

In 2021, shipments abroad of silk yarn and yarn spun from silk waste decreased by X% to X tons, falling for the second consecutive year after two years of decline. In general, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, silk yarn exports contracted significantly to $X in 2021. Over the period under review, exports saw a precipitous curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Yemen (X tons) was the main destination for silk yarn exports from Oman, accounting for a X% share of total exports. Moreover, silk yarn exports to Yemen exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), more than tenfold.

From 2016 to 2021, the average annual rate of growth in terms of volume to Yemen amounted to X%.

In value terms, Yemen ($X) remains the key foreign market for silk yarn and yarn spun from silk waste exports from Oman, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2016 to 2021, the average annual growth rate of value to Yemen totaled X%.

Export Prices by Country

In 2021, the average silk yarn export price amounted to $X per ton, declining by X% against the previous year. In general, the export price faced a deep downturn. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Yemen amounted to $X per ton.

From 2016 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced mixed trend patterns.

Silk Yarn Imports

Imports into Oman

In 2022, purchases abroad of silk yarn and yarn spun from silk waste was finally on the rise to reach X kg after three years of decline. Overall, imports, however, showed a significant contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, silk yarn imports surged to $X in 2022. Over the period under review, imports, however, faced a significant curtailment. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X kg), India (X kg) and China (X kg) were the main suppliers of silk yarn imports to Oman, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X), India ($X) and China ($X) constituted the largest silk yarn suppliers to Oman, with a combined X% share of total imports.

Among the main suppliers, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average silk yarn import price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the import price showed a slight decrease. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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